return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Aequs IPO price band fixed at ₹118 to ₹124 per share; check lot size and issue details

Market News

Aequs IPO price band fixed at ₹118 to ₹124 per share; check lot size and issue details

Kamal Joshi
By Kamal Joshi

3 min read | Updated on November 28, 2025, 09:13 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Aequs IPO: The initial share sale, which aims to raise ₹921.81 crore, is a mix of a fresh issuance of shares aggregating to ₹670 crore and an offer for sale (OFS) valued at ₹251.81 crore.

Aequs is one of the few manufacturers in India with niche metallurgy capabilities. | Image: X/@AequsLimited

Aequs is one of the few manufacturers in India with niche metallurgy capabilities. | Image: X/@AequsLimited

Aequs IPO, which will be live from December 3 to December 5, has set a price band of ₹118 to ₹124 per share. The bidding for anchor investors will take place on December 2.

Open FREE Demat Account within minutes!
Join now

The initial share sale, which aims to raise ₹921.81 crore, is a mix of a fresh issuance of shares aggregating to ₹670 crore and an offer for sale (OFS) valued at ₹251.81 crore.

Those selling their stake under the OFS include Melligeri Private Family Foundation, Amicus Capital Private Equity I LLP, Amicus Capital Partners India Fund I, Amicus Capital Partners India Fund II and Raman Subramanian.

The fresh issue proceeds will be used for the following objects:

PurposeAmount (₹ crore)
Repayment of certain outstanding borrowing by company and its subsidiaries433.17
Purchase of machinery and equipment64
Inorganic growth and general corporate purposesRemainder of funds

Aequs IPO: Lot size

Retail investors can apply for a minimum on one lot, consisting of 120 shares. The company has reserved 75% of the net offer for qualified institutional buyers, 10% for retail investors and 15% for non-institutional investors.

New IPO Alert: Meesho price band set at ₹105 to ₹111 per share; here's a look at lot size, key dates and more

Aequs IPO: Allotment and listing date

EventDate
Subscription periodDecember 3 to December 5
Finalisation of Basis of allotmentDecember 8
Initiation of RefundsDecember 9
Credit of Shares to Demat accountDecember 9
Listing dateDecember 10

In the pre-IPO funding round, the firm had fetched ₹144 crore from SBI Funds Management, DSP India Fund and Think India Opportunities Fund.

Kotak Mahindra Capital, IIFL Capital Services and JM Financial are the issue's book-running lead managers, while KFin Technologies is the registrar.

About Aequs

Aequs majorly operates in the aerospace segment, but over the years it has expanded its product portfolio to include plastics, consumer electronics and consumer durables. As of March 2025, it had one of the largest portfolios of aerospace products in India.

Aequs IPO GMP

According to media reports and investorgain.com, Aequs' unlisted shares are trading at ₹142, reflecting a grey market premium of 14.52% over the upper price band of ₹124.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

Next Story